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Practical Tips & Advice

Industry speak

Published: 24 Aug 2010

This glossary is not a comprehensive guide but a useful reference to terms frequently used in the travel and event industry:

Allocation
Agreement by a hotel to hold an agreed quantity of bedrooms at a fixed rate, for a set period of time.

Best available rate
Also known as a flexible rate. This is a variable rate according to demand and occupancy.

Build-up and Breakdown
Additional time to set up and dismantle audio/visual and production equipment. If you need access in advance or after the event there may be an additional charge, depending on the time required.

Comp. rooms
Complimentary rooms allocated by the hotel.

Confirmed Reservation
Verbal or written agreement to proceed with the booking.

Contract
Binding agreement where there are legal responsibilities for both parties.

More industry terms

Content provided by the Event Organisers' Guide by Trinity Conferences Ltd



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